Irs Annual Gift Limit 2024 Per Person. This amount, known as the annual gift tax exclusion. Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married.

In 2024, an individual can make a gift of up to $18,000 a year to another individual without federal gift tax liability. This is the maximum amount you can gift to an individual without filing a gift tax return.